Chinese Central Bank Updates Digital Yuan App

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By BitcoinWiki News

Key Takeaways:

– The Chinese central bank has updated its digital yuan app.
– The app now includes new features, service options, and utilities bill payment functions.
– Citizens in the digital yuan pilot zone can pay their water, electricity, gas, heating, landline phone, mobile, broadband internet, and cable TV bills using the app.
– The app has a new “services” menu and allows real-time CBDC payments through partnerships with telecoms firms, energy providers, and more.
– 140 merchant platforms have been connected to the app’s Quick Payment Management menu, including retail giants, travel, lifestyle, and tourism operators.
– The app already links directly to online shopping platforms Meituan, JD.com, and Alibaba’s Taobao.
– Major partners include vehicle hire titan Didi Chuxing and discount retailer Vipshop.
– H1 reports suggest significant progress in digital yuan application scenarios and an increased CBDC penetration rate.
– More CBDC pilot phases are being planned by the central bank’s partners.
– A study predicts a relatively complete digital yuan ecosystem in China by the end of 2025.


The People’s Bank of China (PBoC) has updated its digital yuan app with new features and payment options. The app now allows users in the digital yuan pilot zone to pay their utilities bills, including water, electricity, gas, heating, landline phone, mobile, broadband internet, and cable TV bills. They can also top up pay-as-you-go mobile plans. The app has added a new “services” menu and partnered with state-owned telecoms firms, internet providers, energy providers, and more, allowing users to make real-time Central Bank Digital Currency (CBDC) payments. The app also connects to various merchant platforms, including retail giants, travel, lifestyle, and tourism operators, allowing users to make digital yuan payments on these platforms. Reports suggest that the PBoC’s CBDC partners have been expanding digital yuan application scenarios, increasing product innovation, and penetration rate. It is expected that a “relatively complete digital yuan ecosystem” will be established in China by the end of 2025, with significant progress in CBDC adoption drives in 2023.

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